The ultimate guide to credit scores.

The scale of the UK’s lending industry is vast. To give you a flavour, every month half a million credit and store cards1 are issued and approximately 100,000 mortgages approved2.

As a result, lenders have to make 14 loan approval decisions every second of the day to keep up and therefore use big data to work out who to accept or reject.

And that’s where credit scoring comes in. It is the way that lenders cope with the millions of applications that are made to them every year both for credit cards and mortgages, but also mobile phone contracts, car leasing agreements and much more.

For anyone who wants to improve their credit score give themselves the best chance in the credit game, here’s our ultimate guide to how they work.